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Stock Market & Financial Investment News

News For GE;MET;UNB;C From The Last 14 Days
Check below for free stories on GE;MET;UNB;C the last two weeks.
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April 23, 2014
08:30 EDTGEPDF Solutions sell-off creates long-term opportunity, says DA Davidson
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08:06 EDTGEGE Capital leads $135M in credit facilities for King's Hawaiian
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07:23 EDTCCitigroup management to meet with ISI Group
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07:20 EDTCCitigroup Chairman, CEO both feel firm has to simplify itself, Reuters says
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April 22, 2014
16:04 EDTCOptions Update; April 22, 2014
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10:45 EDTCCitigroup CEO expects 'others will be disciplined' over Mexico fraud
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10:43 EDTCCitigroup to resubmit capital plan in 2015, address issues in 2014
Citigroup CEO Michael Corbat said at today's annual meeting, "Based on our conversations with the Federal Reserve, we don't believe their objection was owing to an issue with our business model, our strategy, levels of capital, or capability to generate capital. We are consulting closely with the Fed to identify exactly where they believe our procedures fall short, so that we can fix the problems they've identified. And rather than resubmitting this year, we've decided to focus our energies on addressing those issues in preparation for our 2015 capital plan. This will require investment in new talent, the acceleration of spending on certain systems, and changes to the way we build, validate and test our scenarios....I want, and our shareholders deserve, an industrial strength, permanent solution that paves the way for sustainable capital return over time. And achieving that will be my highest priority for the remainder of 2014."
10:29 EDTMETMetLife increases Q2 dividend 27% to 35c per share
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07:26 EDTCInformation Management Network to hold a conference
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07:25 EDTGENatural E Creative Group to hold a summit
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07:24 EDTCSourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
06:19 EDTCInvestment banks battling over stock trading, WSJ reports
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April 21, 2014
17:45 EDTCCitigroup looks to sell about 50 branches in California, Bloomberg says
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16:01 EDTCOptions Update; April 21, 2014
iPath S&P 500 VIX Short-Term Futures down 78c to 40.03. Option volume leaders: AAPL C GILD NFLX TSLA TWTR FB WLT according to Track Data.
08:04 EDTGEGE unit is agent on $66M credit facility for Gold Star Foods acquisition
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07:22 EDTCFederal Reserve Bank of Dallas to hold a luncheon discussion
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April 17, 2014
16:45 EDTCMarket swings to gains in holiday-shortened week
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12:53 EDTGEOn The Fly: Midday Wrap
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09:07 EDTGEGE Capital says sees Q2 run rate of about $1.8B of earnings
09:05 EDTGEGeneral Electric says saw some improvement in credit demand in Q1
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08:17 EDTGEGeneral Electric says focusing on bolt-on acquisitions
Says on track to reduce share count in 2014 and planning for 9-9.5B by 2015. Says continuing to grow dividends in line with earnings. Says M&A focused on building out core: Focusing on bolt-on acquisitions, active on divestiture front, go above $1B-$4B range only for "exceptional" value and immediate accretion. Says oil and gas industry fundamentals remain strong. Says U.S. short-cycle markets strengthened in March, appears that weather impact a "one-time" event. Says had a few "rough spots" in Q1: U.S. Healthcare and Transportation/mining. Comments from slides that will be presented on the Q1 earnings conference call.
06:35 EDTGEGeneral Electric on track to achieve goal of $1B in structural cost-out for year
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06:35 EDTGEGeneral Electric reports Q1 GE Capital revenue $10.52B
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06:32 EDTGEGeneral Electric reports Q1 adjusted EPS 33c, consensus 32c
Reports Q1 revenue $34.18B, consensus $34.36B
06:31 EDTCBig banks boosting their business lending, WSJ reports
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06:17 EDTCCitigroup may have received mixed signals from Federal Reserve, WSJ says
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April 16, 2014
16:00 EDTCOptions Update; April 16, 2014
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15:26 EDTUNBUnion Bankshares reports Q1 EPS 40c vs. 39c a year ago
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15:17 EDTGENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 32c; Philip Morris (PM), consensus $1.16; Schlumberger (SLB), consensus $1.20; PepsiCo (PEP), consensus 75c; Union Pacific (UNP), consensus $2.37; UnitedHealth (UNH), consensus $1.09; Honeywell (HON), consensus $1.26; Goldman Sachs (GS), consensus $3.44; du Pont (DD), consensus $1.59; Morgan Stanley (MS), consensus 60c; Danaher (DHR), consensus 80c; BlackRock (BLK), consensus $4.14; Blackstone (BX), consensus 55c; Chipotle Mexican Grill (CMG), consensus $2.86; Mattel (MAT), consensus 9c; Snap-on (SNA), consensus $1.54; AutoNation (AN), consensus 74c.
14:13 EDTGEGeneral Electric April 26 straddle priced for 2.5% move into Q1
12:22 EDTGEEarnings Preview: Analyst sentiment mixed ahead of GE's Q1 report
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09:03 EDTGEGE Digital Energy providing series compensation capabilities for Scottish Power
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07:13 EDTGEGeneral Electric April volatility elevated into Q1 and revenue outlook
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April 15, 2014
16:00 EDTCOptions Update; April 15, 2014
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14:20 EDTCCitigroup reports March credit loss 2.3% vs. 2.02% last month
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10:18 EDTGEGE Healthcare completes acquisition of CHCA Computer Systems
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10:01 EDTGEGeneral Electric says Dan Janki to lead GE's Treasury operations
GE Chairman and CEO Jeff Immelt announced the appointment of Dan Janki to lead GEís Treasury operations, succeeding Kathy Cassidy, who is retiring later this year after 35 years of service to GE. Mark Begor, who currently leads GE Capitalís Real Estate business, will succeed Janki as president & CEO of GE Energy Management. Alec Burger, currently the North America leader for GE Capital Real Estate, will succeed Mark Begor as president & CEO of GE Capital Real Estate. The CEO appointments are effective immediately and the formal Treasury transition will be effective by the end of April.
10:00 EDTCOn The Fly: Analyst Upgrade Summary
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09:35 EDTCActive equity options trading on open
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08:07 EDTCCitigroup needs more progress to move higher, says Sterne Agee
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06:04 EDTGEGE CEO may give up leadership earlier than 20-year tenure, WSJ says
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05:50 EDTCCitigroup upgraded to Outperform from Market Perform at Bernstein
Bernstein upgraded Citigroup to Outperform following the bank's better than expected Q1 results and raised its price target for the stock to $57 from $52.
April 14, 2014
16:24 EDTCOn The Fly: Closing Wrap
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16:00 EDTCOptions Update; April 14, 2014
iPath S&P 500 VIX Short-Term Futures down 32c to 44.41. Option volume leaders: AAPL C GILD TSLA LNG NQ BAC ZNGA according to Track Data.
12:26 EDTCOn The Fly: Midday Wrap
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11:59 EDTCStocks with call strike movement; C MA
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11:54 EDTGEGE reports Omnyx gets FDA clearance for digital manual read of HER2 slides
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11:16 EDTCCitigroup says one employee terminated related to fraud found in Mexico
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11:09 EDTCCitigroup says committed to improving capital planning process
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10:39 EDTCCitigroup sees lowering consumer banking headcount below 145K by end year
The company noted its headcount in consumer banking stood at 149K in Q1 and it sees the headcount to be cut to below 145K by Q4 of this fiscal year. The company sees cutting its consumer banking card products to under 440 by Q4 and lowering its branch count to under 3,525 in Q4 from 3,601 in Q1. Information from slides for earnings conference call.
10:02 EDTCOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
09:38 EDTCCitigroup rallies after results, levels to watch
Shares are up over 4.1% at time of writing to $47.59 following better than expected earnings. At that price next resistance is at $48.36, a pivot high. Support is at $47.12. Rafferty Capital upgraded the stock to Hold from Sell.
09:36 EDTCActive equity options trading on open
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08:59 EDTCOn The Fly: Pre-market Movers
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08:48 EDTCCitigroup upgraded to Hold from Sell at Rafferty Capital
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08:10 EDTCCitigroup shares up 3% in pre-market trading after Q1 report
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08:09 EDTCCitigroup reports Q1 net interest margin rose to 2.9%
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08:05 EDTCCitigroup reports Q1 loan loss reserve release of $673M
Reports Q1 net credit losses of $2.4B, down 15% versus prior year period. CVA/DVA was $7M, or $4M after-tax, in the first quarter, compared to negative $319M, or negative $198M after-tax, in the prior year period. Q1 included a $210M tax charge related to corporate tax reforms enacted in two states. These reforms lowered marginal tax rates, resulting in a reduction in Citigroupís state deferred tax assets. CEO Michael Corbat said, ďDespite a quarter that was difficult for our company, we delivered strong results. Both our consumer and institutional businesses performed well and we grew both loans and deposits while holding the line on our expenses. We reduced our deferred tax assets more than any other quarter since the crisis and drove Citi Holdings closer to break even. $4B in net income helped generate $6B in regulatory capital during the quarter and increased our estimated Tier 1 Common ratio to 10.4% on a Basel III basis. Very cognizant of our shareholders desire to see a sustainable return of capital, we are engaged with the Fed to better understand their expectations regarding the CCAR process. We are committed to bringing our capital planning process to the highest possible standards, befitting an institution of our global reach. I will dedicate whatever resources and make whatever changes necessary to achieve this critical goal."
08:02 EDTCCitigroup reports estimates Basel III Tier 1 common ratio of 10.4%
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08:00 EDTCCitigroup reports Q1 EPS ex CVA/DVA $1.30, consensus $1.14
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06:59 EDTCCitigroup says client information leaked at Korean credit units, Bloomberg says
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April 13, 2014
19:07 EDTCCitigroup to eliminate another 200 to 300 jobs, WSJ says
Citigroup has eliminated another 200 to 300 jobs including Steve Prince, the younger brother of former CEO Charles Prince, says the Wall Street Journal. According to the Wall Street Journal report, a Citigroup spokeswoman said the bank is continuing to "tightly manage expenses, making targeted head count reductions in light of current market conditions." Reference Link
April 11, 2014
15:20 EDTCNotable companies reporting before Monday's open
Notable companies reporting before Monday's open, with earnings consensus, include Citigroup (C), consensus $1.14, and M&T Bank (MTB), consensus $1.61.
10:25 EDTCCitigroup to host conference call
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09:37 EDTCActive equity options trading on open
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07:37 EDTCGoldman, Morgan, Citi probed by FINRA over bond deals, WSJ says
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07:09 EDTCLi & Fung collaborates with Citigroup on brand unit spinoff, Bloomberg says
Li & Fung (LFUGF)) is said to be collaborating with Citigroup (C) to spin off its brands division, which is valued at nearly $2B, according to Bloomberg, citing people with knowledge of the matter. The company's brand unit sells clothing and toys to retailers such as Wal-Mart (WMT) and Kohl's (KSS). Reference Link
07:03 EDTCCitigroup volatility increases into Q1and capital outlook
Citigroup April call option implied volatility is at 43, May is at 27, June is at 25; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 14.
06:20 EDTCCitigroup unit in California facing DOJ probe, WSJ reports
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April 10, 2014
16:00 EDTCOptions Update; April 10, 2014
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09:37 EDTCActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:03 EDTGEGE to provide grid modernization solutions to Furnas
GEís Digital Energy business is providing Furnas and Triangulo Mineiro Transmissora/Geoenergia with the latest in protection and control equipment to ensure performance and quality for each of the utilityís grid modernization projects. Furnas is one of the biggest utilities in Latin America and is responsible for power transmission in south, southeast and mid west Brazil. These projects, which support the modernization of Brazilís grid, mark GEís entry into Brazilís ANEEL transmission auctions. The auctions were won in December 2013 by TMT, a collaborative utility composed of Furnas and FIP Milao, with Furnas being the largest participant at 49%.
06:35 EDTCMobile banking presents opportunity and risks for banks, WSJ reports
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April 9, 2014
09:10 EDTGEWal-Mart to purcahse energy-efficient LED ceiling lighting fixtures from GE
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07:18 EDTCLevy Economics Institute to hold a conference
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06:35 EDTCRegulators increase leverage ratio requirement for large banks, NY Times says
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06:27 EDTCBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
06:18 EDTCEgan-Jones, Glass Lewis oppose Citigroup's pay proposal, WSJ reports
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